In this assignment, you will make determinations for each of the scenarios provided below. Read the scenarios, answer the three questions that follow in a 2–4 page paper, and include at least two academic sources to support your decisions and rationale.
1. Otis Owner loves to bake cookies. Everyone loves his cookies, and his friends recommend that Otis open his own shop. Otis likes the idea, and after saving some money, decides that he will open his own business. Otis is familiar with sole proprietorships, limited liability companies, and corporations, but he is unsure which option would be best for his business.Consider the scenario and answer the following question:
2. Otis hires Kelly Kleaner to help in his shop. Kelly enjoys the job, is always on time, and is happy with the hourly pay. Otis, however, is concerned about his liability if Kelly injures someone while working at his business. After Kelly mopped the floor one day, Doug Driver shows up to deliver a package and slips on the wet floor. Doug breaks his leg. Consider the scenario and answer the following questions:
3. Otis is looking to expand his business. He has the opportunity to make sugar-free cookies using a new artificial sweetener. The sweetener is very inexpensive and would increase Otis’ profit margin. However, there are some health concerns about the artificial sweetener and studies show that it may cause cancer. Otis would like to increase his profits, but he is concerned about the health risks of using the artificial sweetener.Consider the scenario and answer the following question:
In a 2–4 page paper, answer the three questions relating to the scenarios. Be sure to cite your sources and include a reference page with at least two (2) academic sources.
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